Lankan Ranger
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India targets US$50 billion for military procurement
India is earmarking US$50 billion for near-term aerospace and defence (A&D) programme procurement, experts have estimated.
Aviation Week forecasts that the Indian government will make the purchases over the next five years.
"While the Medium Multi-Role Combat Aircraft (MMRCA) competition-popularly referred to in the Indian media as the 'mother of all deals'-receives great attention, there are other areas where the Indian government has declared an interest," according to an Aviation Week & Space Technology article.
"Fixed-wing aircraft, rotorcraft, guided weapons and space asset requirements, spread across the four services and the paramilitary forces, will make India one of the heaviest buyers of military equipment in the world this decade."
India represents a "significant, growing and globally minded" A&D market, according to Iain Blackhall, civil aviation publisher, Aviation Week.
"India's civil aviation market is projected to increase more than 18% annually, and the government has pledged a strategic focus on aerospace and $80bn in procurement by 2015. This is a key market for the A&D industry," Blackhall added.
- India targets $50bn for military procurement
India is earmarking US$50 billion for near-term aerospace and defence (A&D) programme procurement, experts have estimated.
Aviation Week forecasts that the Indian government will make the purchases over the next five years.
"While the Medium Multi-Role Combat Aircraft (MMRCA) competition-popularly referred to in the Indian media as the 'mother of all deals'-receives great attention, there are other areas where the Indian government has declared an interest," according to an Aviation Week & Space Technology article.
"Fixed-wing aircraft, rotorcraft, guided weapons and space asset requirements, spread across the four services and the paramilitary forces, will make India one of the heaviest buyers of military equipment in the world this decade."
India represents a "significant, growing and globally minded" A&D market, according to Iain Blackhall, civil aviation publisher, Aviation Week.
"India's civil aviation market is projected to increase more than 18% annually, and the government has pledged a strategic focus on aerospace and $80bn in procurement by 2015. This is a key market for the A&D industry," Blackhall added.
- India targets $50bn for military procurement